Tailwind Fundraising For Second Fund

Oct 29 2013 | 7:46am ET

Private-equity firm Tailwind Capital is seeking $750 million for its second independent fund—and its first since the exit of one of its three co-founders.

The fundraising goal is actually less than either of New York-based Tailwind's previous funds. Tailwind Capital Partners I raised $775 million in 2008, and the firm was created in 2003 to manage the $1.3 billion Thomas Weisel Capital Partners Fund.

MVision Private Equity Advisors is marketing the fund, according to a Securities and Exchange Commission filing. It is unclear how much has been raised to date.

The new fund follows the departure of co-founder Douglas Karp in March. Karp has since founded p.e. shop Pacific Partners.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of